Trump threatens to slap Apple with a 25% tariff on iPhones manufactured abroad
Elsewhere, earnings season may be winding down, but all eyes are on Nvidia with the chip giant set to report numbers after the market close on Wednesday, May 28th.
Tommy Stadlen, Co-Founder and General Partner, Giant Ventures, joins Karen Tso and Julianna Tatelbaum to talk all things tech, AI and tariffs on Squawk Box Europe.
Karen Tso takes a deep dive into how tech analysts and investment banks are reacting to President Trump's latest tariff threat against Apple.
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But rather than making a controlled splashdown as planned, the booster came apart in the air and plummeted into the Gulf of Mexico, which the U.S. government has renamed as the Gulf of America. SpaceX attributed the crash to a structural failure to the booster's fuel transfer tube, which resulted in methane and liquid oxygen mixing and igniting. The vehicle's upper stage – known simply as Starship, or Ship – managed to separate from the booster and fire its six Raptor engines to propel itself on a trajectory taking it into suborbital space as it soared around the world. But contact with Starship was lost approximately 46 minutes into the flight as it spun out of control and once again came apart over the Indian Ocean. SpaceX traced the failure to the main fuel tank pressurization system diffuser, located on the forward dome of Starship's primary methane tank. Other issues with the nosecone prevented Starship from deploying eight test Starlink satellites. As for the June explosion, SpaceX said it was caused by undetected damage to a high-pressure nitrogen storage tank inside Starship's payload bay section, called a composite overwrapped pressure vessel (COPV.) In a statement, the FAA said it "oversaw and accepted" SpaceX's findings and gave it the greenlight to proceed with its next Starship launch. "SpaceX identified corrective actions to prevent a reoccurrence of the event," the FAA said. What is Starship? SpaceX rocket to fly to moon, Mars But when it comes to Starship's development, SpaceX has become known for its risk-tolerant philosophy. Musk has stressed that rapid and frequent testing that sometimes leads to explosive ends can still provide data that helps engineers improve the vehicle's design. SpaceX is developing Starship to be a fully reusable transportation system, meaning both the rocket and vehicle can return to the ground for additional missions. In the years ahead, Starship is set to serve a pivotal role in future U.S. spaceflight. Starship is the centerpiece of Musk's vision of sending the first humans to Mars, and is also critical in NASA's plans to return astronauts to the moon's surface. But the next-generation spacecraft has yet to reach orbit on any of its nine uncrewed flight tests, which began in 2023. SpaceX received key regulatory approval earlier in 2025 to conduct up to 25 Starship tests a year, after which Musk took to social media in late May to proclaim that the vehicle's next three launches would occur much faster than normal – at a cadence of one "every 3 to 4 weeks." How big is Starship? The Starship, standing nearly 400 feet tall when fully stacked, is regarded as the world's largest and most powerful launch vehicle ever developed. 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